Compliance & Regulation
FCA to have extensive powers over lawyers in AML role
Deeper checks of law firm owners and the ability to bring criminal prosecutions are among the powers proposed for the FCA once it takes over supervising lawyers’ AML activities.
Court to rule on SRA’s powers to see privileged material
The High Court is set to decide on whether the Solicitors Regulation Authority has the power it claims to examine legally privileged material as part of investigations.
SDT clears solicitor of dishonesty over costs claim
A solicitor accused of dishonestly seeking more costs than his client was entitled to claim has been cleared by the Solicitors Disciplinary Tribunal.
SRA belatedly publishes restrictions placed on Mazur lawyer
The fee-earner at the heart of the Mazur ruling is a ‘senior litigation executive’ who was suspended indefinitely as a solicitor 17 years ago, the SRA has revealed.
Strike-off for solicitor who lied to Home Office and MP
A solicitor who lied to his client, his law firm, the Home Office and an MP after failing to make submissions in an asylum claim has been struck off.
Regulators should have access to centralised data on law firms
A centralised ‘risk and intelligence hub’ should be created and accessible to all regulators to flag up law firms showing early signs of systemic failure.
Minister: Mazur supports “growing” case for review of legal regulation
The Mazur ruling is further evidence of “a growing case for re-examining the legislative foundations of legal services regulation”, the Ministry of Justice has said.
Legal Ombudsman seeks 12% budget rise as complaints mount
The Legal Ombudsman has recommended a £2.4m, or 12.1%, increase in its budget for next year to cope with fast-rising levels of complaints and conduct a radical review of how it operates.
Junior solicitor struck off for lying in pupillage application
A junior solicitor at a leading City law firm who lied about his academic achievements on a pupillage application when trying to move to the Bar has been struck off.
First legal executive should have new litigation rights in six weeks
The first chartered legal executive with standalone litigation practice rights could be authorised in six weeks’ time, with around 2,300 expected to apply for them in the next 18 months.
Ethics and profits clash “regularly”, say general counsel
Most general counsel at large UK companies have said that ethical and moral concerns “regularly” come into conflict with “profit motivations”.
A third of law firms non-compliant with AML rules
Nearly a third of law firms checked by the SRA for their approach to anti-money laundering in the past year were non-compliant, a big rise on the previous 12 months.
Male barrister disbarred for sexually harassing woman at social events
A male barrister who sexually harassed the same woman at two different social events has been disbarred by a Bar disciplinary tribunal.
Solicitor who criticised “draconian” strike-off cannot return to roll
The Solicitors Disciplinary Tribunal has refused a solicitor’s bid to be restored to the roll just three years after being struck off for dishonesty.
Legal Services Board sets out scope of Mazur review
The Legal Services Board is to probe “the scale and impact” of breaches of the right to conduct litigation in the wake of the Mazur ruling.
Blog
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Information isn’t oversight – lessons from the PM Law review
The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.
Reports
Associates
